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20121201
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dell specifically focused on this issue this past summer to south america. we're all aware of the iranian threat or their proxies' activity here in this hemisphere. whether it's the thwarted assassination attempt last year where the operatives of the iranian revolutionary guard were trying to use mexican drug cartel connections to enter the united states, to assassinate the ambassador from saudi arabia , or we're aware of hezbollah recently being revealed that hezbollah had a terrorist training camp or a training camp of some origin in nicaragua, here in this hemisphere. last week the iranian deputy foreign minister for europe and the americas visited cuba, venezuela, bolivia and uruguay. this follows the iranian president mahmoud ahmadinejad's frequent trips to the region. most recently iranian naval commanders have expressed their intent to extend iran's maritime presence into the atlantic ocean, closer to the coastlines of the u.s. with this piece of legislation, we seek to protect u.s. citizens from threats from iran and defend american interests and assets here in this
? i will talk about the bricks in a minute. i am talking about south america, eastern europe, parts of asia. why do i love this story? it is basic macroeconomics. the key ingredients that drive growth. we know the story of debt, deficit, fiscal cliff. we know that the story of the aging population and financing, if you look at the statistics are round or they measure the performance in mathematics, science, and reading, you can see where the problem is. today, they were in the number 27, 28, and so on. productivity generally is the x factor that accommodates for 60% of why one country grows and another does not. generally, it includes things like political dynamic, so we know what is happening there. that is not my prediction. look at this framework, capital, labor, productivity. you will see why i am incredibly bullish. in terms of capital, these economies by a large did not have the debt burden that other countries are facing right now. why is that important? these countries are not suffering from a deal leveraging problem. 60%-70% is under the age of 25. in you got there, over 50
the fiscal cliff is all about. it's about people. not politics. it's about protecting america's future. not repeating the mistakes of the past. with that, i'm proud to introduce my colleague, christi -- kristi noem from south dakota. >> good afternoon. thank all of you for coming. i was having a conversation with my 10-year-old son the other day, talking about lessons i had learn from my grandfather. my grandfather had always taught me that those people you are indebted to, they control you. they control your decisions, your opportunities, and what your future is going to be. right now, the amount of debt our children have sit ogen their heads that they're responsible for for the federal deficit is over $50,000 each. that's going to control them. that's going to control their futures and their decisions that they'll have available to them in the future. that's why the president's plan to raise taxes isn't a solution. because it only covered 8% of our federal deficit. it's not a solution that actually solves the problem that we have. we have got to have a solution that really addresses
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